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Mon. Jun. 11, 2012 State Street Corp. to get tax break for waterfront building Boston officials will give State Street Corp. $11.5 million in tax cuts to construct a new office building on the South Boston waterfront, part of the city’s effort to transform the once shabby industrial neighborhood into a thriving district of new homes, businesses, and retail stores.	Advertisement Sign up to receive daily deals from Boston.com in your inbox.
Aaron Kushner and 2100 Trust agree to buy Orange County Register and six other papers A Wellesley businessman and his partners have agreed to purchase the remaining newspapers of Freedom Communications Inc., an Irvine, Calif., company that owns the Orange County Register and six other western newspapers. Terms of the deal were not disclosed. Aaron Kushner, the Wellesley businessman who made part of his wealth in greeting cards, and the 2100 Trust, a group of former newspaper executives, earlier this year tried to buy Maine’s largest newspaper company, including the Portland Press Herald, but talks collapsed.
Billboard campaign from Arnold Worldwide promotes Carnival Cruises in NYC Boston ad agency Arnold Worldwide said it is cranking up some billboard style advertising for client Carnival Cruise Lines. The “out-of-home” creative focuses on the New York market and the Carnival marketing theme of “Cruising Year-Round from NYC.” Outdoor media makes sense for Carnival, which wants to get across the message that its cruise ships sail from many ports that are within driving distance to key markets in the country.
1366 Technologies is relocating to Alexandria Park 1366 Technologies is relocating to larger space at Alexandria Park in Bedford, said the park’s operator, Alexandria Real Estate Equities Inc. 1366 Technologies is developing a technology that aims to significantly cut the cost of silicon wafers used in solar panels. With roughly 40 employees, the company currently occupies about 16,000 square feet of space in Lexington. In the fall, it plans to move into just over 41,000 square feet of space in the section of Alexandria Park that is located in Bedford.
Green Mountain falls as Kroger plans private-label coffee pods Green Mountain Coffee Roasters Inc., the maker of Keurig one-cup brewing machines and coffee pods, fell the most in more than five weeks after Kroger Co. said it will sell private-label coffee pods for the devices. Kroger Co, the largest US operator of grocery stores, plans to sell its own version of the pods used in Green Mountain’s Keurig single-cup brewers later this year. Green Mountain, based in Waterbury, Vt., will face a growing private-label challenge from groceries when its K-Cup patents expire in September.
Mass. gas prices drop another 8 cents The average price for gas in Massachusetts is $3.489 a gallon in the latest weekly survey from AAA, down 8 cents from the previous week’s average, AAA Southern New England said Monday. This was the eighth consecutive week of Bay State price declines. Prices locally are now 41 cents less than the peak gas prices seen in mid April, AAA Southern New England said. A year ago at this time, the Massachusetts average price was $3.71 a gallon.
Cubist unveils five-year goals Cubist Pharmaceuticals Inc., a Lexington company known for the bloodstream infection drug Cubicin, said Monday that it plans to generate $2 billion in global annual revenue in 2017, driven largely by organic growth. By the end of 2017, Cubist said that it expects that sales for Cubicin will well exceed $1 billion in the United States alone. Those projections were included in a press release about the company’s five-year strategic goals.
ModusLink announces the retirement of chief executive Joseph C. Lawler ModusLink Global Solutions Inc., a Waltham company that provides supply-chain services, announced the retirement of Joseph C. Lawler from his role as president and chief executive, effective immediately upon the appointment of a new chief executive. The company also said it expects to restate financial results from fiscal 2007 through the first two quarters of fiscal 2012. In addition, the company announced the departure of executive William R. McLennan. ModusLink had previously disclosed that it had received an inquiry from the SEC regarding the company’s treatment of rebates associated with volume discounts provided by vendors.
Cabot completes expansion project for its Haverhill inkjet facility Cabot Corp., a Boston-based specialty chemicals company, said Monday that it has completed a $10 million capacity expansion project at its Haverhill inkjet facility. The project further supports Cabot’s growth in the emerging office segment of inkjet printing and the commercial inkjet printing market. Cabot may be best known for carbon black, a material used to make tires.
CityMaps.com unveils Hub edition CityMaps.com, a New York startup that aims to brings the social Web to maps, unveiled a Boston version of its website and app on Monday. Boston is the fourth city to get the CityMaps treatment (after New York, San Francisco, and Austin, Texas). CityMaps Boston aspires to turn the streets of the Hub into an interactive, block-by-block grid aimed at helping both locals and tourists easily navigate the city.
Two Vertex executives are stepping down Vertex Pharmaceuticals Inc. said Friday that its chief legal officer and chief commercial officer are leaving the company. The Cambridge biotechnology company said its chief legal officer, Ty Howton, is leaving and will be replaced by Kenneth Horton, who will take the additional title of executive vice president and report directly to Vertex chief executive Jeffrey Leiden.
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